Here is an entertaining and very informative video on the financial crises: "The Crises of Credit Visualized," via The Big Picture. And they don't even get into the consequences of an economy that is 70% consumer spending but has no money or credit to spend! It's why jobs are so important, no matter who funds them. The alternative is our current state of affairs, with small business failing right and left and everyone gradually (or swiftly) becoming poorer.
Except the bankers, politicians, and corporate owners, of course. Right now they are very, very rich.